T he International Energy Agency (IEA) has cut its 2024 oil growth forecast by 7.2% to 900,000bpd, a decrease of 70,000bpd from a previous estimate.

KEY TAKEAWAYS Global oil demand growth is set to slow to just under 1 million barrels a day this year and next, according to the International Energy Agency (IEA).China's weakening economy is ...

Global oil demand will rise less than previously thought this year, led by weakness in China, the International Energy Agency (IEA) said on Thursday, ...

A slowdown in the growth of China’s fuel use is without precedent for a country at its stage of economic development, the International Energy Agency said. Rapid uptake of alternative transport ...

(Bloomberg) -- China’s oil demand will stop growing earlier than expected, reinforcing the outlook for a global peak and prolonged supply surplus this decade, the International Energy Agency ...

China consumes more coal that all other countries combined and the IEA said emissions from the fuel were 8.6 gigatons in 2022, or about 70% of the country's total and one-quarter of global energy ...

With total installed capacity of renewable energies reaching 1,213 gigawatts in 2022, China has become a global leader in utilizing green and low-carbon energy sources, according to the report.

Birol is visiting London as the IEA and the UK government convene a two-day summit of more than 60 countries and numerous companies to discuss the future of energy security.

Global coal demand is likely to have peaked this year, and could drop by about 2% over the next three years as China brings more renewable energy sources online, the International Energy Agency ...

EV global sales will rise strongly in 2024—mostly in China, IEA says. The pace of EV uptake will mean that oil demand for road transport should peak around 2025. SHARE.

Since 2019, China has snapped up an additional 850,000 barrels a day of so-called NGLs and polymers, the IEA said in its Oil 2024 report, which is effectively the agency’s medium-term outlook.

Global oil demand growth is set to slow to just under 1 million barrels a day this year and next, according to the International Energy Agency (IEA), which attributed the view to China's weak economy.